Common use of Indulgence Not Waiver Clause in Contracts

Indulgence Not Waiver. No failure or delay on the part of Agent, any Lender or any holder of any Note in the exercise of any power, right or privilege hereunder or under any Note shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other right, power or privilege.

Appears in 14 contracts

Sources: Loan and Security Agreement (Green Plains Inc.), Loan and Security Agreement (Green Plains Inc.), Loan and Security Agreement (Pizza Inn Holdings, Inc /Mo/)

Indulgence Not Waiver. No failure or delay on the part of Agent, any Lender or any holder of any Note the Note(s) in the exercise of any power, right or privilege hereunder or under any Note the Note(s) shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other right, power or privilege.

Appears in 2 contracts

Sources: Loan and Security Agreement (Spincycle Inc), Loan and Security Agreement (Spincycle Inc)